Australia Set for a Long Term Boom in Maintenance Construction
According to the Maintenance in Australia report by BIS Oxford Economics, 2022…
22 April 2022
The summer Olympics in 2032 will be held in Southeast Queensland. This has boosted the area into a huge wave of infrastructure and construction projects. Funded partly by the Commonwealth and partly by state and local governments, a $1.8 billion package will be distributed to various projects ahead of the major event.
The famous Gabba stadium will be completely demolished and rebuilt and the city’s Cross River Rail will also be linked with the Brisbane metro. This is a transport development that Queensland Premier Annastacia Palaszczuk said was ‘absolutely necessary’ for the growing population in the state.
The Brisbane City Deal will also fund a new $190.5 million green bridge, to connect Kangaroo Point to the CBD, as well as $41 million committed to upgrading the North Stradbroke Island ferry terminal.
Tens of millions will also be invested in roads, on the Brisbane Valley Highway as well as new housing in Toowoomba. An important Indigenous cultural centre will also be built.
An estimated 2000 jobs in infrastructure and construction are expected to be created throughout the project’s varying stages.